US Treasury says Japan has exited long deflation
US Treasury official Erin Browne stated that Japan has moved past its long deflationary period and its currency levels must shift. She warned that disorderly currency moves can trigger wider market volatility.
Insights:
Japan has moved past its multi-decade deflationary cycle, requiring shifts in currency and monetary policy, US Treasury Undersecretary Erin Browne said on Friday morning. The remarks come during the annual meetings of the IMF and World Bank held in Thailand's capital. Officials from both nations are maintaining coordination to support stable currency markets.
